Verizon Eliminating One Year Contracts on Phones

If you’re planning on signing up for a Verizon one year contract on a phone, you had better do it quick since the world’s current largest wireless provider has announced that they’ll be eliminating the option on April 17th.

Because most customers take Verizon up on their two year contracts to get lower prices on phones, equipment and hardware, they’ve decided to eliminate the one year option. There just weren’t enough people taking advantage of it to make it worthwhile to the company.

The contract-free month to month option will still be available to consumers out there if you really don’t want that two year contract and according to DroidLife, there’s a good chance that Verizon may be about to introduce a prepaid plan of $50 a month for unlimited talk and text. Unlimited data would still cost $30 a month under that plan.

This comes after Verizon eliminated its tiered data plans due to lack of consumer interest and stuck with a sole option of unlimited data on all of its Smartphones.